The December Federal Reserve Meeting Just Ended -- Here's What Investors Need to Know
The Federal Open Market Committee (FOMC) just concluded its December monetary policy meeting, at which it made an interest-rate decision and statement. This was one of the four times this year when the committee also released interest-rate and economic projections for the next few years. Here's a rundown of the important details stock investors should pay attention to.
The interest rate is the least interesting development to come out of the December FOMC meeting. The committee decided to leave the benchmark federal funds rate unchanged, at a range of 1.50% to 1.75%.
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Source Fool.com
